Product Support Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Changes in product support liabilities are summarized as follows:


WARRANTY RESERVES	2017			2016
Balance at January 1	$	282.1		$	346.2
Cost accruals		51.3			52.3
Payments		(59.1	)		(61.5	)
Change in estimates for pre-existing warranties		3.7			4.6
Currency translation		2.1			2.1

Balance at March 31	$	280.1		$	343.7

Changes in product support liabilities are summarized as follows:

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS	2017			2016
Balance at January 1	$	573.5		$	524.8
Deferred revenues		82.8			94.3
Revenues recognized		(71.8	)		(65.9	)
Currency translation		4.7			5.8

Balance at March 31	$	589.2		$	559.0